TSXV:EPO.H - Post by User
Comment by
leakeybillon Feb 26, 2011 6:30pm
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Post# 18199847
RE: RE: No more share for sale for cheap
RE: RE: No more share for sale for cheap
Its kind of like this, if I told you that we had a gold deposit that had 250 million tons of ore at 20 grams per ton, 125 million oz. of gold. Would that be the next BreX or not?
Now if it is a potash mine, a mine that could enhance a group of a million people standard of living what is that worth. These historical evaluation are worthless, a new value and a new base needs to be established for what this resouce is worth. Its not like they have the same risk as a gold mine.
So my feeling is this EPO comes out with a resource of 250 million tons.
250 million X 600 ton = 150 billion dollars.
What if the resource comes out at 500 million tons
300 Billion dollars.
People are wasting their time on determining feasibility, they should just slam down the cash and build a mine.
Also anyone who builds a billion dollar mine will want to do their own engineering study.
Pay a fair price for the resource.
IMHO